Despite the collapse in the Terra ecosystem, the LUNA token has gained several folds in the last few hours.
According to CoinGecko data, the value of the LUNA token rose from under $2 to almost $7 in a short time.
At the time of writing this news, LUNA is trading at $ 6.11 and its trading volume has increased considerably compared to the last days.
The LUNA token was brought back to life after the collapse of the Terra ecosystem. Name of legacy blockchain as a result of lawsuits against Terraform Labs Terra Classicwas changed to.
Experts in the cryptocurrency industry do not know why the LUNA price has gained so much value in such a short time. Because there is no development to explain the rise in LUNA price, at least for now.